NAVs decline as market ends lower

Equity funds closed with negative returns as markets erased all previous day's gains on Friday due to profit booking while the NSE Nifty closed tad below the 5300 level amid a lacklustre trade. All equity and balanced funds decline, sector funds too slumped under the market pressure registering no gainers. 

Investors opted for profit taking ahead of the weekend as they are cautious ahead of Reliance Industries' Q4 earnings, which will be announced today after market hours. Trading mistake hammered the NSE benchmark which touched an intraday low of 5245, before closing down 41.55 points or 0.78% at 5,290.85. 

The BSE benchmark shed more than 250 points to hit an intraday low of 17,231.34, before closing the session at 17,373.84, down 129.87 points or 0.74%. The Index had rallied more than 400 points in previous four sessions.

On the debt front, Short term category delivered good performance with very few declines while Long term category funds ended on a mixed note with the advance: decline ratio of 40:36 and 12: 35 for Long term funds and Gilt long term funds.

Check out all mutual fund gainers & losers

Here is the day’s performance and the gainers and losers across categories.

 Equity diversified: Top gainers

*  SBI Magnum Emerging Businesses Fund (G) up 0.15%

*  Edelweiss Equity Enhancer Fund - Plan C (G) up 0.10%

Equity diversified: Top losers

*  Sundaram Capex Opportunities Fund (G) down 1.81%

*  AIG Infrastructure and Economic Reform Fund - Regular Plan (G) down 1.63%

*  Goldman Sachs Infrastructure Exchange Traded Scheme down 1.47%

Tax saving funds: Top gainers

*  No Gainers

Tax saving funds: Top losers

*  Tata Infrastructure Tax Saving Fund (G) down 1.38%

*  JM Tax Gain Fund (G) down 1.10%

*  Birla Sun Life Tax Relief 96 (G) down 1.08%

Sector funds: Top gainers

*  ICICI Prudential Technology Fund (G) up 0.22%

Sector funds: Top losers

*  Sundaram Financial Services Opportunities - Retail Plan (G) down 1.40%

*  Sahara Power & Natural Resources Fund (G) down 1.25%

*  UTI Banking Sector Fund (G) down 1.10%

Balanced funds: Top gainers

*  No Gainers

Balanced funds: Top losers

*  Sundaram Balanced Fund - Regular Plan (G) down 0.75%

*  JM Balanced Fund (G) down 0.71%

*  LIC NOMURA Balanced Fund - C (G) down 0.69%

Debt funds: Top gainers

*  Religare Short Term Plan - Institutional Plan (G) up 0.31%

*  SBI Magnum Gilt - Short Term Plan (G) up 0.05%

Debt funds: Top losers

*  Sundaram Flexible Fund - Short Term Plan - Regular Plan (G) down 0.01%

*  IDFC G-Sec. Fund - Short Term Plan - Regular Plan A (G) down 0.01%

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